ND taxable sales and purchases up in 2017, but down in larger cities
BISMARCK -- North Dakota’s taxable sales and purchases jumped 3 percent in 2017, an increase that Tax Commissioner Ryan Rauschenberger called “modest.”
But, the Republican said in a news release Wednesday, March 28, it’s a “good indicator” the state’s economy is “doing well and continuing to improve after the numerous decreases we’ve seen reflected in past reports.” Taxable sales and purchases totaled $17.9 billion in calendar year 2017, up from $17.3 billion in 2016.
Taxable sales and purchases reached as high as $28.3 billion in 2014 on the back of a roaring economy driven largely by an oil boom in western North Dakota.
Fargo saw a 5.5 percent drop in taxable sales and purchases in 2017, while Bismarck and Grand Forks saw declines of 3.9 percent and 1.8 percent, respectively. Dickinson saw a 14.7 percent increase, and Williston had a 24.5 percent jump, as Rauschenberger pointed to “increased activity in the oil region.”